Riley Paterson Taps Paladyne

Posted on June 28, 2010

Riley Paterson Investment Management, a Singapore-based hedge fund manager with $340 million of assets under management, has implemented Paladyne Portfolio Master as its fully-hosted front-to-back-office solution.

Paladyne Portfolio Master offers a combination of order management and portfolio management functionality, and may either be installed on-site or delivered via Paladyne's industry-leading hosting platform.

“The relationship with Paladyne provides Riley Paterson with a cost-effective solution from trade capture to reconciliation and reporting, and eliminates the need to have a separate OMS and PMS system, as well as the necessary IT support for integration and management, said Andrea Sorani, chief operating officer of Riley Paterson.

The combined system is becoming a popular solution for hedge fund managers in Asia and Europe. “Our combined order management and portfolio management solution delivered as a full-service ASP solution is ideal for this marketplace,” said Sameer Shalaby, CEO of Paladyne Systems.

Riley Paterson utilizes Paladyne Portfolio Master for order management, compliance, real-time profit and loss monitoring, portfolio management, NAV reporting, and automated reconciliation to its prime brokers. Additionally, the product includes out-of-the-box integration with Riley Paterson's direct execution brokers and their preferred execution management system, Bloomberg EMSX.